Balance Of Payments, International Investment

The Department of Statistics released the 2020 Q1 Balance of Payments & International Investment Position publication.

A Government spokesperson said, “Bermuda’s trade with non-residents resulted in a $220 million surplus for the first quarter of 2020. Bermuda’s stock of foreign assets at the end of the first quarter exceeded the stock of foreign liabilities by $3,262 million.

“Highlighted below are some key performance indicators:

• The deficit on the goods account increased by $12 million to $263 million.
• Services transactions realised a surplus of $67 million in the first quarter of 2020.
• The surplus on Bermuda’s primary income account rose to $471 million in the first quarter of 2020.
• The net international investment position decreased by $65 million over the fourth quarter of 2019.

“The 2020 Q1 Balance of Payments & International Investment Position publication is available online at https://www.gov.bm/balance-payments.”

The full BOP & IIP – Q1 20 Publication follows below [PDF here]:

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